12/01/2025
๐ข Important Dates to Save More on Taxes in 2025!
Planning ahead can help you make the most of your contributions and enjoy valuable tax advantages. Here are the key deadlines and limits you should keep in mind:
๐ด TFSA โ Tax-Free Savings Account
Grow your money tax-free and withdraw anytime without penalties.
โ๏ธ 2025 Contribution Room: $7,000
๐
Last Date: Dec 31, 2025
๐ FHSA โ First Home Savings Account
Save for your first home faster with tax-free growth and tax-deductible contributions.
โ๏ธ 2025 Contribution Room: $8,000
๐
Last Date: Dec 31, 2025
๐ต RRSP โ Registered Retirement Savings Plan
Enjoy tax-deductible contributions and tax-deferred growth.
โ๏ธ 2025 Contribution Room: 18% of your income
๐
Last Date: March 2, 2026
๐ข RESP โ Registered Education Savings Plan
Save for your childโs education with tax-free growth and government grants.
โ๏ธ Contribute $2,500 in 2025 to receive a $500 grant
๐
Last Date: Dec 31, 2025
Whether youโre planning for retirement, buying your first home, or saving for your childโs future, these programs can help you get ahead financially.
๐ฌ Need guidance on which plan is best for you? Weโre here to help!
๐ 825-425-1600
๐ ms-insurance.ca
๐ง [email protected]